The Delaware Supreme Court recently issued an important decision clarifying the standards that govern claims for money damages against independent directors of corporations whose charters contain exculpatory provisions....more
6/11/2015
/ Appeals ,
Board of Directors ,
Breach of Duty ,
Business Judgment Rule ,
Controlling Stockholders ,
Corporate Charters ,
Corporate Counsel ,
Corporate Liability ,
Damages ,
DE Supreme Court ,
Exculpatory Clauses ,
Fairness Standard ,
Fiduciary Duty ,
Independent Director ,
Motion to Dismiss ,
Standard of Review
In a groundbreaking new decision, the United States District Court for the Eastern District of North Carolina has dismissed “say on pay” claims against officers and directors of Dex One Corporation. Smith Anderson served as...more